Question A) On May 1, 2023, Hrd Corporation issued a 4-year bond worth $411,000 with an interest rate of 10% per annum. Interest is to be paid semi-annually on October 31 and April 30. At the time of the issuance, the market interest rate was 4%. Hrd Corporation amortizes any premium or discount using the effective interest method.

Provide the journal entries amount.

1. Payment of interest and amortization of premium or discount on October 31, 2023. Dr Interest Expense Dr. Premium on Bonds payble Cr Cash- $20550

2. Accrual of interest and amortization of premium or discount on December 31, 2023, which is the company's year-end. Dr. Int Exp Dr. Premium on Bonds Payable Cr. Interest Payable

3. Payment of interest and amortization of premium or discount on April 30, 2024. Dr. Int Exp Dr. Int Payable Dr. Prem on BP Cr. Cash

4. Redemption of the bond for its carrying value one year before maturity on May 1. Dr. Bonds Payable Dr. Prem on BP Cr. Cash.